While everybody was excited about the equity market and happy because of the new highs, the big whales are keeping an eye on this chart. The main reason is what it shows, it means another indicator alerting how the economy is walking to south. Keep in mind, the Gold and Copper tend to move in the same direction (most of the time). The copper market tends to be...
So TradingView is showing the wrong price on this; it's 10.90 right now, having dipped with the rest of the market mid-day after a strong open due to a large earnings and revenue beat. SGC's PEG is 0.8, according to Zacks, and its dividend yield is nearly 4%. That makes it a really good value. Unfortunately SGC offered no guidance, but the earnings and revenue...
Pretty self explanatory.
I don't believe in a major (greater than 20%) stock market crash this year, but soon, maybe Q4 2019 / Q1 2020. As you see the dow:gold ratio has broken up above 10 year pivot signalling further moves to the upside.
I guess stocks still bullish for now.
Alaska is rated the second-best Airline, according to the Wall Street Journal. It is extremely undervalued, with a PEG ratio of about 0.5. News has been extremely positive for Alaska lately. In terms of technicals, Alaska looks to be right above a volume support and ready to bounce. Another way to play Alaska earnings is to diversify risk by buying the JETS...
I'm uncertain what CURO will do tomorrow after its mixed earnings report, lowish sales guidance, and announcement of a share buyback and first-ever dividend. What I do believe is that the initiation of a dividend will be quite bullish for the stock in the medium-to-long-term. Stocks that initiate a dividend for the first time tend, over the next 6-12 months, to...
Navios Maritime is a container ship company that transports, among other things, iron ore and grain. It's been down this year due to the trade war, but recovery is long overdue. NMM has a forward P/E of 6.35, and an extraordinarily low P/B of about 0.25. It's dividend yield is over 7%.
We did get some bearish shipping data the other day, but it seems to have...
BTC-28FEB20 Put Ratio Spread
Sell 2x 2/28 6500P for 0.0430 ($315)
Buy 1x 2/28 7000P for 0.0700 ($510)
Net Credit: 0.0160 ($120)
Max Profit (if pinned @ 6500): Approximately 0.0850 ($620)
Margin Requirements: 0.2700 ($1975) due to Deribit not having complex orders
Break Even: $5,880
This is a neutral to bullish trade. Anything above 7000 and profits are capped...
With energy prices rising and war with Iran looming, it's a good time to buy a company that exploits domestic oil resources in the United States. The problem with many such companies is that they either trade at a high multiple or their long-term prospects are very poor. Callon Petroleum, which drills oil and natural gas in West Texas, avoids those problems. With...
Alts season not here yet. watch for break up above the current purple resistance, that would be bullish, but currently price action has been rejected. Price action fell out of descending triangle and now retesting support turned resistance.
LTCBTC recent price action looks fairly symmetrical, the rising part is mirrored by the falling part in angles and structures. What if the pattern continues and the large dump is mirrored by a spectacular pump?
There is a fairly sizable bullish divergence on the RSI that has been going on for quite a while.
heading to 166 is equivalent to 6024 mBTC in terms of LTCBTC pair. This means there will be a big dump for LTCUSD, larger than that of BTC by more than 9%. This is because the volatility for LTC is higher than that of BTC.
The good news is that after the ratio tests the midterm rising channel, it might go down again if it is rejected meaning ltcusd will go...
Something very interesting happened today. It looked like the ratio was retesting the bear flag, but it pierced through it to the upper resistance line, only to fall out of the bear flag.
It looks now that the ratio has been rejected by the bear flag and the ratio is resuming its descent down. If this is the case, then the recent LTCUSD dump can be inorganic and...
BTC to LTC ratio the inverse of LTCBTC is forming a bear flag. This means LTCBTC is forming a bull flag.
There will be relative weakness of LTC relative to BTC in the coming days. And it is expected that BTC will move upward, the motion of LTC will be upward but a smaller pace.
The bear flag points to a possible pump of LTC after the 15th.
its clear in the chart that usdjpy is in a rising wedge. You could see a clear divergence on RSI
i didnt have time earlier to post a great enrty with high ratio
you could still take the trade with ratio around 3
take profit could be on 108
and SL could be on 109.580
Remember not to risk more than 3% of your capital and take trades with ratio higher...
Recently the BTC to LTC ratio (the inverse of LTCBTC) dropped out of its midterm rising channel, resulting in a larger pump for LTCUSD compared to BTC. Whenever the ratio drops, that means LTC outperforms BTC and the inverse holds true.
Now a bullish harmonic has formed, and the retracement to the channel support corresponds to the 0.5 fib of the harmonic.